Congratulations on the trade, but at the end of the day, that was pure casino luck and not risk management. It should be seen as a warning rather than a model to follow.
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@Flicko It’s probably not just luck. When you bet on red or black at a casino, the odds of picking the right color are always the same, no matter how many times red or black has come up before. When a stock like $VRT drops 20% yesterday despite good earnings, there’s a higher probability that a strong rebound is on the way. But yes, it shouldn’t be used as a model. It’s high risk. I did mention that at the end, after all. The fact that the stock is now up 220% doesn’t change that.
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•@Multibagger The logic still doesn’t hold up. Even on the same day, there’s no rule that says a stock has to rebound before the close—often, large funds actually push the price down even further as the market closes. Going into the U.S. after-hours market overnight with a leveraged contract is still like playing Russian roulette. A small dip after 10 p.m. and the thing would have been worthless. You simply caught the falling knife perfectly by the handle—congratulations on the profit, but that was a lucky coin toss, not a system.
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